“Hindi understatement ang sabihin na malaki ang nawawala sa Basilan dahil sa mga power outages na ito. It has really caused huge economic losses in our province. At ang masama pa dito, nadi-discourage ang mga investors na mamuhunan sa amin dahil sa ganitong sitwasyon,” he added.
With Baselco’s franchise set to expire in 2028, Hataman through the resolution said that “there is a need for Congress to decide whether or not to renew its franchise for another 50 years … or to look at other options such as the creation of a separate electric cooperative for Isabela City or granting the franchise to a private distribution utility.”
“Baselco owes NPC P3.2 billion in loans … In this regard, Baselco is currently paying its debt to NPC at the ratio of 60 percent payment of interest and 40 percent payment of the principal amount,” the resolution read.
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